AMC, GME, LCID & PROG: Astronauts, Standby πŸš€πŸš€πŸš€
Dumb Money w/ Matt Ep. 155
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Stop breaking the low asshole is money right here we got more smoothies than a jumbo juice, probably thought you could have made us sell all the gooder in hell. We maybe wouldn't, but we must handle the boot of the floor. Six figures: ain't selling for less. You took on the ape nation and you're fucking with the best we hope for each other, my sister's here, my brothers, the fighters and the lovers.

We don't need another fan because we huddled through hard times give us the fucking money. Wow mum, whoa, well hello there. This is a fun one moon game, let's get after it, let's get after it. This the voice change is never gon na not make me laugh.

It's never just throw some randomizer on there and we'll see what we're gon na get moon gang. We are back at it again. It is monday november 22nd a couple days out from the old turkey day, which i'm particularly very, very excited about, let's get after it like. Yesterday, i tweeted out that gamestop was looking phenomenal and the excitement i mean it's already up.

2.4 percent trading at 234 - if it holds this, i'm very much looking for a test of 250. amc, also having a great pre-market session up 1.64 looking at 42 and right after that, 44, maybe 44 and some change tesla's up right now, uh we have some commentary From elon related to the model s, i believe it's s and then prague hanging out just below five. So some of our favorite equities, i mean even we could check on lucid there for a second lucid down four percent, but still 53, not too far away from its all-time high at 63, 10 more dollars to go on that one um! A lot of the individual equities we pay attention to uh are looking pretty nice, and actually this is a great way for us to kick it all off of here's. What you need to know.

Oh whoa whoa, whoa, breaking news. This just dropped biden picks jerome powell to lead fed for a second term as the u.s battles coved an inflation, the governor brainerd was not picked breaking news. This was literally just announced, biden, picks jerome powell to lead fed for a second term as the us battles. Covid and inflation whoa whoa whoa whoa whoa president joe biden announced monday that is renominating jerome powell for a second term as friday, as federal reserve, chair will put forth fed governor leo bruno as a vice chairman.

The move comes weeks after speculation that brainerd might get the nod in making the move biden praised powell for decisive leadership during the covid crisis. Well well. Well! Well! Well! Well! Well, the more you know literally just like. I was actually part of my notes right here.

I i i had breaking notes for you. Look at it look at look at all my notes, breaking notes. All of my breaking notes, nothing there, because there were no breaking notes, but now look at us huh interesting, well, very quickly. Let's check how the overall market's reacting to said news, um s, p 500, getting a pop q's pop, giving back iwm, definitely pop, so the overall market is thus far reacting pretty positively everything about today.
In my humble estimation, it has the vibe of a green day. It has the vibe of higher higher higher green green green, filling up your rocket ship to go to the moon. That's the kind of vibe that we have going today and potentially for the week, stocks may be entering an optimal period in the thanksgiving holiday week. Stocks usually do well in thanksgiving week setting up for a year and santa rally.

There is some key data in the coming week. Most importantly personal consumer expenditure data. This comes out wednesday. Just so everyone knows the ced there pce the pce personal consumption expenditure data.

The reason why this is important is actually because the fed uses that one of the most important uh aspects of inflation is within that. So that's why this one it just like it matters to us, because it matters to the fed and if it matters to the fed it matters to the tapering. It matters to interest rates. So that's coming out wednesday, but the week is a bit weird uh.

So obviously this was just announced that was going to be a big mover. We still have to wait for the pce, but beyond that the market is closed, thursday in observation of thanksgiving the market's not open, and then it's a half day on friday. The market closes at 1 pm on friday. Now, on a personal note, here's where i'm at in my life, i will be streaming today like normal tomorrow, like normal.

I do not think i'll be streaming on wednesday. I have to do one of those things where it's my family's thanksgiving, then on thursday, my completely real girlfriend's thanksgiving, and then i have to get my butt on a plane and get down to texas on friday for a wedding. So it's gon na be a bit of a weird week and i'll remind you of this next week, but i will be missing a stream at the end of next week and that's for an interview that i think you guys will be uh very, very happy with. When it finally airs um, just so, everyone knows what's going on with my schedule - has nothing to do with the market.

It's more of just a holiday thing in the fact that my friend wanted to have his wedding on thanksgiving weekend. So, there's that all right so wanted to get that out there. We know that powell just got picked. Renominated um, i saw i see a couple questions about it, the with defend.

He was actually in office, not from biden uh. He was pre. He has this position. Actually, from trump um, just so he's been there for uh a little bit all right so talking about the overall market overall market.

Looking green, i'm expecting a green day, especially with pow people, just um, you see it in the market. Quite a bit. People don't like change a lot of times. People get used to what's going on and you can see that the market is reacting favorably to this announcement so uh.

I would not be surprised in fact the s p 500, how far we are from an all-time high. Oh we're gapping up to a new all-time high, all right we're going to be hitting a new high today uh! So congratulations if you have spy calls or vix books or anything around that uh in terms of individual stocks. Modern is up right now it got more clearance and then pfizer got booster approval. We will be talking about tesla elon.
In fact. Here's actually what you need to know about it: uh model s, plaid is sick and then someone asked him when's it coming to china and he said probably around march that was earlier than expected. Hence tesla is now up 2.6 in pre-market uh. I was going to show you this guy that the fed announcement was supposed to come to like it was like hey.

We might be getting it today, but obviously the cat's out of the bag on that one. It's already out once again this piece of news already old news. We know it's pal sox may be entering in optimal period during the holiday week. I already went over that seasonally, it's strong, but it's uh, it's strong just beyond the week.

By the time we get on the other side of thanksgiving, it's referred to as the santa rally and pretty much it's seasonally, it's very bullish until basically, the first week of january, we are entering a very bullish part of the trading year, and this is from some Fancy schmancy person named sam uh, the last five trading days of november, are traditionally positive since 1950.. There's a two-thirds likelihood that the market is up one day before thanksgiving and a 57 percent likelihood the day after thanksgiving and the 71 likelihood that it's up on monday. So this is monday following uh, so what we have black friday and then like cyber monday. So, like i'm saying once we get on the other side of thanksgiving seasonally, it's very strong, even in my own futures, account uh, some of my seasonal based algorithms they're.

All getting ready to go long, uh in this time of the year. It's definitely the odds are way more bullish than they are bearish. Does that mean it has to play out that way? Obviously not but we're just it's a game of trying to play the odds. Austria goes on lockdown as protests against restriction sweep europe with this.

I know that this very quickly becomes politically divisive, uh, i'm bringing it up just because hey it impacts the market and if something has a strong impact on the market. It's kind of part of my, like my job of yelling at my camera in my basement, to bring it up um if the it's supposed to be a 10-day lockdown, if it ends up being extended, if other countries follow suit, yeah the market's not going to like That that much so it's something worthwhile to pay attention to or if it just goes 10 days and then we're all good good to go. Um, hey we're fine, then, and i think that could actually push the market even higher authentic brands shelves ipo. I don't know much about it.
Maybe i just wanted to bring it up, because ipos have been getting a lot of notoriety and attention lately. I guess this one: instead of selling a stake to private investors, so they're raising money that way, but in all honesty i don't know much about it, but speaking about some other individual stocks, i wanted to bring this up so last week more people were asking me About asking me about activision and that's a fair question: it's in the world of esports, i'm very bullish on esports, but this particular company has a lot of i guess, like baggage associated with it beyond its business. Activision ceo bobby kotick would consider leaving his job if he can't fix culture problems at the video game maker. According to the wall street journal report um and it it's criticism for handling sexual misconduct, allegations uh moving on to apple apple, a bit of negative news, as we head into christmas apple, won't be able to deliver new ipads in time for christmas in key asian markets.

According to the nike, the report also said iphone delivery delays aren't quite as long but still far longer than in a typical year. So once again, this is another reiteration of just supply chain issues. Time and time again, many many companies of all sizes, small medium large, are clearly facing supply chain issues and, if you're not delivering in time another supply chain issue and rivien. This is just in reference to friday, and my luck, of course i buy calls, and then we get the announcement that ford and rivien have dropped plans to jointly develop an electric vehicle.

Um has the vibe of a little bit of jealousy. I mean ford was the 12 equity holder in rivian and when it ipo, it was worth more than ford and it ran so much that it's worth more than ford ngm um, but ford's obviously been around for quite a while has delivered many many vehicles rebellions delivered. Thus far 156., this is a lot of eevee excitement. A lot of ipo excitement a lot of new kid on the block excitement, but to jointly drop electric vehicle that i find that one interesting it would have been more.

I guess understandable to me in a certain sense: if ford was like hey it's up a lot, we have 12 equity, we're gon na take half of it off the table because we just made billions of dollars uh. We just want to like help our own bottom line, but the fact that they're not really doing that they're just saying we don't want to play with you anymore on this new ev project. Um interesting, interesting, interesting, so just want to bring that up there. I want to talk a little bit about amc and jimmy, but before we do that, i wanted to do some uh here i'll, give you the or text first and then we'll get into some of the charting and some of the stories uh.

Okay, we have about 15 minutes to still go so this is for amc. The borrow change has increased by 300 000. Today, the estimated short interest is 15.65 percent um and then this week should be another release date for the exchange reported short interest. So we're going to get some recalibrations across all equities, whether they were overestimating underestimating or smack dab, where they needed to be utilization, is 77 shares on loan 89 million uh.
So i want to just point out that the utilization being 77 means that amc is not necessarily hard to borrow you're, going to see some data providers that are telling you that their particular broker is out of shares. But that doesn't mean all brokers are out of share. Remember, there's many many brokers out there, hundreds of brokers, distinct brokers, some have shares alone, other ones don't, but for a wide swath, because remember ortex gets the data from brokerages that account for roughly 85 of all market transaction volume. 85.

It's not the full picture, but it's pretty darn close. So when you're getting 85 of the picture, you're talking to a lot of brokers and out of that group of brokers, 77 of the shares that are willing to be loaned out are actually out on loan. So you still have an additional 23, which is probably another 20 ish million shares uh give or take a little bit there. So really it's not hard to borrow and that's why you're seeing a lower cost to borrow fee which is kind of opposite of what you're? Seeing in prague, prague's utilization is 99.9, so the cost bar is 96 percent, and just so you know shares on loan 37 million there for prog and in terms of gamestop uh they've already borrowed a hundred thousand against it today estimated short interest: 8.6 utilization, 31..

So 60 70 more percent to go there uh shares on loan 6.22 million uh. Just so you know the average age of these shares on loan for gme up to 61 days. Look at this trend, um there's a lot of trends. I was noticing yesterday on gme that super worthwhile to bring up to all of you.

So first of all, this is a major trend that i'm seeing whoa, i didn't even know you could zoom in like that. Uh hang on. Let me go back out. What is oh, i'm in the wrong okay, so, basically, ever since august, we've just been going up and up and up, but please take note of that early august until now up and up and up and up well the one thing i wanted to bring to your Attention on this - and i think it's worthwhile to note just because we're obviously getting this technical breakout a lot more people are commenting to me about matt.

Could you talk to us a little bit about white wyckoff um and it's a great tool? It really really is i've seen it most used on daily charts, but it's not really. You can use it on any time frame that you want. Sorry, let me just bring up volume here. The thing i kind of want to bring to people's attention is just generically, as this has been going ever since that august time period we're making a pattern of higher lows.

Okay, so same period august. Until now, we're seeing this trend of these shares going out on loan, increasing as in the shorts, are holding longer and longer and longer or they're out on loan, and we could assume at that point like. Why would you continue to pay that fee without taking the actual short position, so i'm going to assume most of those are actually short right now, technically from a technical perspective, a pattern of higher lows. So if you are following the wyckoff accumulation, this is a very nice phase there, someone out there big players are accumulating and what's interesting, is you see a small kind of drop off it slowly, trending downward in volume, and that's something i've been saying to everyone's.
Like hang on it's low volume, low volume, low volume, there's a certain way you can interpret that of like okay. We have a technical pattern of higher lows, but the volume is going less and less and less one very fair way to interpret that, and this is perfectly in line with why cough accumulation is the big guys. Are loading up they're sucking up all the supply and they're not getting out of their supply and hence why we have lower volume but they're bullish on it, because we see the pattern of higher lows and you accumulate, you accumulate and then you're looking for the markup Period, which is a technical breakout, a lot of the times why cough it's going to have similar other technical structures such as like a cup and handle right here? This is looking very strong. I could see the odds of one of two scenarios really playing out here.

A break in a rip or a break, a re-test roughly of 225 kind of a backdrop test people find that news support, and then we play off of that. I think those are two very likely scenarios, my thesis of what's going on with gamestop right now. They have been accumulating ever since september august, something like that accumulating accumulating. They are now happy with their position and we're about to have a change of character, move to the upside um, and this in wyckoff.

That's referred to as a markup, very, very happy of what i'm seeing here and just a little bit of a story. Gme stock is rising because the constitution dao lost its bid to ken griffin. Now i don't know if this is true, but it's just kind of funny. I you guys know how petty i like to be at a certain point: hats off to ken griffin, the dude spent 43 million dollars as an fu to us.

He totally knew what he was doing. That's that's a lot of money to spend on a petty thing, and that's i guess what you do when you're a billionaire you're like i don't i don't even care. I will like it was such an f? U to our community days before that he's on with andrew sorkin he's like. Oh, no, i think those like conspiracy, theorists are like kind of done now.

I don't hear about my mom he's playing it off like he doesn't hear about us and he's like. No, i think they're done like whatever i'm moving on with my life payment for order flow. Just tell me what side of the road to drive on blah blah blah blah blah. And then he sees that.
There's like a crown, funded effort to buy - and i guess an early copy of the constitution and then he buys it and which is probably the pettiest move of the year like, which is absolutely insane and then uh brendan here is actually arguing that this could relate To some of the excitement in jimmy because it's like a rebuttal from the community to ken as like an additional fu, let me just bring up this part right here, so we know that they didn't get it. They raised millions of dollars over 40 million, but they didn't have enough extra money. I think they had 47 and yes, griffin bid 43, but they needed more money for the proper transportation and care of this uh of the actual document. So they maxed out their bid and they just couldn't do it and ken griffin ended up winning um so anyway, as a result, griffin is wrong.

Um, you had a sorry. Where did that article go? No? No! No! No! No! No! Anyway! That's that's the headline. Sorry! For exiting out of that or switching the page over uh, the assumption there is that they lost out on this, and they just aren't going to take their money and putting it back into gme as, like a reverse petty, like a reverse uno card on ken um, I also want to talk about amc here and when things get going because, in my estimation, amc it's looking good we're. Looking for this, pennant breakout seems to be like in a certain way, uh following behind gme in its price action, maybe lagging a little day or two, and we always see this when, when things positive price action goes positive on amc and gme, there seems to be An uptick in fud amc insiders have unloaded 70 million of stock this year.

Well, look at the timing that dropped today dropped at 8 a.m. Today and hey before you see it, i don't think it's healthy at all to just scream fudd fudd fud, fud uh confirmation bias is not a good thing. When you see things like this, you should read it and you should say wow they're actually onto something or i think they were wrong here here here, and this is why this we got ta get away from this day and age of reading a title and thinking You know the entire thing of seeing the title of a video thinking. You know the whole thing watching.

Videos of people uh rant like they're from looney tunes land and all their evidence is just trust me bro. This is a very data-driven quantitative world uh. You have to know your facts, you have to know your data, you have to know your data sources. We can't just make judgments, you can't judge a book by its cover and you definitely can't trust people.

That's hey trust me bro. I know what i'm saying. I know what i'm saying: um we got ta get away from that, but anyway, with me saying that of we can't just look for confirmation. Bias.
Okay, duck kid. If you're saying that where's this particular article going wrong well, there's there's some good there's some bad and there's some stuff in between. Let's get into all of it. All right.

Amc has surged 20 fold. Yes, we know it's up just under 2 000 and a lot of people, a recent tweet. This author must have seen you buy you hold top management, has taken a different track, so executives and board members at the movie theater chain have unloaded shares worth more than 70 million dollars and they're, pointing out that adam aaron, because of estate planning uh he's talking More in the realm of 25 million okay, that that sounds not good if they believe in it. If they think it's going higher that that's a fair question like i don't want anyone to think that you can't ask that because, like it's almost just like you can't bring up anything bad at all.

I get that if you're there like hang on i'm in this, i'm looking for life-changing money, i'm looking to change the market. Why would insiders themselves be getting out if, like, obviously, they want more money, so why wouldn't they hold it? That's fair! Well, first of all, i have a couple things. We know estate planning, adam aaron estate planning, he's 67.. He has to take care of his life, his family, his children, all that stuff um, it's not like he's selling at all he's still, i believe, the largest single owner.

He still has two million shares, but what's important more than all that is this line right here. Let me highlight it just because it's that important many of the stock sales, including errands, were pre-planned. The filing is a 10b 5-1 and it means that they're decided by a different party way way in advance months in advance this, when you have titles like this and when people who are against it, some of our favorite people, such as gasparino they're gon na, be Like they're selling they're selling, their song and they're saying it with the connotation as as like they're sitting there and they're like whoa. This is a very high price time for me to get out the amount in shares that they're going to sell and the date that it's going to occur are pre-planned.

Go on invested pedia check out a 10b51. A different party is the person like a different legal entity is setting up the entire thing. It's not like these people are sitting here and training like oh. This is.

I got ta sell here. Okay, we're gon na buy here, it's just not how it works, and then this is from adam aaron himself. 62.5 of my annual pay is in amc stock, not cash. I hadn't sold one amc share in six years.

I publicly said months ago and again on monday. Now, age, 67: it's prudent to diversify assets for estate planning. I still have well over 2 million own granted amc shares, i believe in amc right there. That's from we knew this.

We've known this for six months, two earnings calls ago. He said i'm gon na have to sell some this year. This is not crazy, groundbreaking news. If you were listening to the earnings announcements, we all knew that adam aaron's selling was it's going to happen, some of it he has over 2 million.
Still i like, i said, i'm just reiterating. I strongly believe he is the largest individual owner of amc, so it not even talking about, like i guess, leadership and all that stuff literally at on the most inherent - let's just say, human greed level. Of course he wants it to go higher. He has two million every dollar.

This goes up he's worth two million dollars more. So of course, why would he go against his own interest? On the like the most inherent, like just greed level? Hey, i want more money. Um, but with all that being said, i i'm not going to sit here and say this is all rosie. First of all, because with actions such as this, you end up getting headlines and not everyone dives into the story.

Not everyone does dd and even beyond it. I'm not going to sit here and just say: oh yeah, like whoa, i think it's 14 of people in power positions at the company have sold some stock. They had some sort of graph here. Total sales in 18, uh, 580.

0. 2021, we're at 70 million right now, yeah. I wish publicly. They were doing things that didn't allow for article headlines such as this uh, because that stirs up fun of people who aren't diving more into it.

But then again i guess where i get my own. I guess comfort in is i'm not in this play because adam aaron's in it i'm not in this play, because the cfo is in it, isn't in it, i'm not in it because of their board's own position. I'm in this play because i like this stock, i'm in this play, because i like the potential of what's going on with the movement. My decisions are not made by someone else holding or not holding.

If people want to hold great, if people don't want to hold okay, i'm not the arbiter of someone else's financial situation, that's not my right, i'm in it, because i like what's going on with the chart, i like it because i like the leadership decisions of amc's, Particularly in the world of crypto, a lot of this argument can be said the same about gme, i'm not in it because of person. Doing this a person not doing this in terms of holding or not holding, i don't care, i don't care, i couldn't care less. Honestly, i care, i guess, to a certain degree more so in a secondary event, just because we get headlines such as this one, but someone else holding or not holding stocks or options, long or short or maybe they've never heard of the stock. I don't care who? Okay, that's that's their money, i'm here trying to make myself money on amc and jamie and way more important than that trying to point out some of the market.

I guess loopholes that lead to um a severe opaqueness, lack of transparency and an unequal playing field. So with it amc jimmy to me, i love the community and i love the representation. I think of a lot of people in the community fighting for market fairness, if you're an amc and jimmy just because you want money, that's cool! I don't. I don't think that's problematic at all, but i think there's a little bit of a narrative shift that some some a small amount of people are having a hard time accepting.
I don't know how many times i say it and i have no issue repeating it. Um. My channel the mat coors youtube channel, it's not an amc channel, it's not a gme channel it. It is very much what's going on in the market.

It's a market commentary channel and i love to focus on market corruption, whether that's political, insider trading, federal judges, trading, the federal reserve trading, uh, crazy amounts of ftds, weird shenanigans in the derivatives market related to amc gme, the ftds on prague. Sometimes i just like losing money on tesla. This isn't an amc and gme channel i've seen it a couple times from a couple, ding dongs that they think amc made me. I mean folks, this isn't an opinionated thing.

Just look at my catalog. If something made me - which i don't even know how much i really believe in that um, it's like, because i think it's more community based not necessarily like a stock, i got big because of gme. In january i had ten thousand i covered gme for february, and slowly picked up amc and by the end of february i had a hundred thousand like it's just it's there. This is it's weird that people are fighting about things that the proof is just out there.

The evidence is out there, but even that whatever i mean i feel like. I've stayed very true to it. From the start, my initial coverage on jamie very much focused on what was going on with vlad and what was going on with robin hood and from there. It's just it's taken twists and turns, but it's always about market corruption, um crazy, just like market action that to me increases the fragility of the system and should be fixed should be regulated.

Someone should look into it if i see market corruption or crazy stories like buying the constitution. Of course, i'm going to cover it if you're looking for someone who exclusively covers gamestop, who exclusively covers amc, that's cool that is 100 like i. I appreciate you hanging out with me um, but for every one person who wants something like that: there's a thousand people who are like hey. No, i like that, but i also like learning about other things and even if it wasn't such a ratioed situation, i um that's where my personal interests are and at a certain point you have to kind of do what you're passionate about ding ding ding.

The casino is open, let's get rockin folks, rock and rock and rockin all right, all right all right all right. So in terms of more of active positions, i'm in amc i'm in gme uh, i'm not. I don't have any calls or anything like that. Uh.
Actually, thinking about that, though, now that i'm saying it i kind of want those i got ta think about it. Remember options it's a very weird week for options, because you actually have less trading days um. So, with the half day on friday, the no day on thursday, it's pretty much like, if, especially if you're, paying attention to weeklies it's pretty much as if you're already starting on a wednesday um. So the weeklies hey be careful.

Please please exercise extra caution because we don't have a full week of training like theta's, already gon na be higher. That's that's key for a lot of us to like kind of know. Uh. Can you look at ph un news? Do you think it'll ever go back over six, so the phun the fun where i believe they bought more bitcoin? They put bitcoin either on like the balance sheet or they just bought some something like that ph2n it's.

I feel like it's a little weird to me, because the main thing i know about i like that they're putting bitcoin like i like that they're buying bitcoin, but to me it only got some attention because of the assumption that it was tied up with dwack. So i don't know much about like the leadership team. I don't know much about the company. I don't know if it's good or bad, but i do like that.

It's in the realm of bitcoin and buying up some bitcoin all right uh. I tweeted this out a little bit earlier. I think it's very viable for jimmy to go to 250 today and amc to hit 44.. Obviously we have some breakouts to pay attention to i'm watching the volume on all of these uh.

I think the volume is very important for us to see. Let's just see what the trend is going, but amc looking good jimmy, looking good prague, looking good matt. Are you wearing your girlfriend's sweater? If my girlfriend were mr rogers, i would be uh matt been with you for many months. You're always up front and honest, keep doing what you're doing ignoring the haters.

Let's go, brandon shout out tim. Let's get this lovely morning. Livestream started with a a fat pole. What are we cheers moon gang uh? What are we gon na pull wha? What do you want to ask the community great squash? Talk last night, stay humble hey! I appreciate that and the one thing - and i want to keep this short and simple um - hey! No! No room for drama it's silly, it's embarrassing! As a community um.

I guess people are just coming around to the fact that youtubers make money like they're just finding out that youtubers make money which i in itself find to be astonishing. Yes, youtubers make money and words are literally incapable of articulating how grateful i am for what's going on and i'm just like, not gon na slow down like it, it's so cool to me what this community was able to do um, but one thing i want to Say about all of it, and it was some comment on the video that really like, for whatever certain comments just stand out. Um - and i don't even know who said it - and he said for like the 10 000 people who, like 30 people fighting and their drama, is pissing off the ten thousand people who are just trying to learn about the market and learn about what's going on. And it was something along those lines, and i just think that's very very true.
I mean it it it's it's. A small small group of people drama follows drama, drama drama all the time and whoever said that i mean the way it was said. I was like. Oh yeah, no for like for literally every one person who's there in drama and a keyboard warrior and a trust me bro attitude and just doesn't know what they talk about and exclusively care about, their social media.

There's another thousand people are like dude. I don't give a shit about this, i'm just trying to learn about the market. The amount of people who are just saying i don't care if youtubers make money, i don't care about drama. I don't care about your following.

I don't care about anything. I'm trying to learn about the market, i'm trying to make some money here and when i heard that i was like oh yeah. No, that makes sense because that's in in my own head, i was uh, not thinking about the numbers, if you get 10 25 30 messages in a normal day, if 10 25 30 people like are yelling at you, something you're like wow, that's a lot, but then Just in the games of number on social media, when you have hundreds of thousands, i think the average person they're not there fighting on twitter they're on sunday they're watching football on saturday they're hanging out with their completely real girlfriend doing stuff like they're. Not there they're not interested in this drama, they're, not interested in the bullshit.

So it's one of those things where you very quickly develop a very large astounding, silent majority, and i was like oh and i think for me. Sometimes it's good to realize that that there's a silent majority out there, who has like way better things to do with their day than like, engage in any sort of like pettiness fighting they. They just don't give a shit about it, you're here, because you care about the markets here. To have some money.

You got ta make a living bro paul. I appreciate that. That's so kind of you uh. Let's do a poll to see which mean coin.

This community stands behind doge or shibe. Ah, i feel like that might be a little divisive. I would need to think about it because, like if you, if you pick one and then you're not in the this group of 11 000 peoples um, there could get some anger there. No way could i commit to streaming every day keep up the great work hey.

I appreciate that that's so kind uh you're in here all the time. So are you paul great stuff? I heard you take my money. Oh man, the one thing i just don't get about this super chat. Thing is what was let me read you a dm.
This is kind of funny. I got this dm like right before i started streaming shoot. Where is it ah message request? This is two sentences end the super chats dude end it today. Well, no um.

I think a lot of people seem to forget that it's it's completely optional. If, if you don't want to don't if you're, not in the financial situation too, and even if you want to if you're like hey, it's tough making ends meet, but i want to send you money, don't send me money do do. I am telling you i'm actively telling you do not literally it's optional, if you're in the financial situation that you want to, and you feel that the value i provide through education or entertainment, if you're, like hey cool and even if you just don't want to, if You're, like hey, i, like i like your value. I like all of it.

I just don't like your stupid shirts. I don't like your stupid face. I don't like your eyebrows kid. Okay, that's cool! Don't like it's! It's just weird to me, because uh there are people on youtube who make way more money like even streaming, and you could see it folks.

The the super chats are not um like for whatever reason: they're, not a private thing like you. Could there are websites that track at all the websites don't tell you that hang on, like youtube, takes a 30 cut and don't forget about your 50 in taxes? No, they just have the magnitude of before youtube and before taxes, but i don't know how to be more clear about this. It's optional, if you don't want to that's cool, because the other option here for me as a business, to be able to pay my bills to be able to do. What i need to do is not put all my content out for free and create my own website charge.

Everyone. I don't know a hundred dollars a month and i go in there. It's gon na be a lot smaller i'll make a lot more money and i'll have a lot less drama. I've made an option.

No, i want to be out in front of as many people as i can. Even i make i make less money. If that's what it means, even if it also means that i i get more social media shit, okay, whatever like it, it's just a busy a different business if you're putting everything out for free, yeah, you're gon na end up needing ads, you're gon na end up Needing affiliate links, if you don't want ads, if you don't want affiliate links, you have to put it through a pay wall behind a pay wall and a lot of people do that in finance. I just didn't.

I chose to not go that way. Don't tell me what to do. Take my money, damn it all right. Amc is looking great jimmy's.

Looking great uh, like i said, gme 250 today is so incredibly realistic. Uh prague is having a good day at 5. 12.. Oh actually, i wanted to see what was going on in the futures market today with the announcement trade station tradestation tradestation, all right, i use tradestation for my futures training.

Just so i don't know in case everyone cares. Anyone cares about futures. Oh interesting, interesting, interesting. All right, prague, man, actually a lot of these things - are having a great day, amc uh.
Now that we're above 42, i'm telling you 44 is my next watch. It's actually 44, like 40 450., it's about halfway um, but i just threw out 44 there just because it was around value because i also put out 250.. So i'm looking at about eight more dollars to go on gme. We have a lot of action here.

A lot of action all right, let's see prague having such a good day, amc having a good day gme having a good day everyone's having a good day good day, good day good day. Oh, i need lucid to go more. I definitely need lucid to go more. Come on lucid, you got to go higher, i'm sending you money just to piss off the haters been with you and asking the weird questions since april.

Don't stop doing what you do best growing the tulips condos! Oh happy birthday, matt shout out chris. Why would stock warrant price run when the underlining float was down? Um i'll have to look at. That seems odd to me. I'd have to look into it.

I mean obviously it's possible if you're seeing it in jupw, but i'd have to look into why jupw? Let me look into that one t-mac! What's going on to the haters, if you care how much i tip mrs records, you need to mind your own business, it's my bromance to so tell the majors to kick rocks because making millions playing with toys and video games on youtube, but people are upset. You guys making money providing free education, emmy m-e-t-x is on sale today, m-e-t-x. Let me check that one up true. What's going on, you know what i care about your xiphoid process, keep doing what you're doing brother also, how was dinner friday with your totally real girlfriend.

It was amazing we went to this like uh, i guess somewhat well-known tapas place in philadelphia. It was super super good um. I am becoming an abnormally big fan of bacon. Wrapped dates.

Um. I think it's one of those things that, like people are like whoa. What's the date, do i really like dates? Don't be that kind of person don't be like me, the next time you're out, give it a whirl if bacon, wrap dates, are an option? Try those bacon, wrap dates, uh these ones particularly had like an almond in it. So when bacon date and then almond some of the best food you could possibly have out there so give it a whirl, give it a whirl.

Shout out owen uh dr thompson: thanks matt, keep it up, it's so crazy. We applaud capitalism, but then turn around and hate you for being so smart businessman make it make sense. I wish i wish. I could not sure how people expect you to fall.

Thousands of people commenting when half of its noise anyway appreciate that you try. You provide a service and deserve compensation. Thank you shout out. Oh john and danny finally met with cersei to squash the beef, but for real.

That was an awesome. Three stooges dance. First clown uh, hey thick younger mr rogers. What's your thoughts on avax going to the moon or becoming a viable competitor, so everything i spent some of the weekend learning more about avalanche and that one, the token is avax um everything i'm learning about it.
I like more and more and more um very excited about avax. I don't own any yet uh, i'm actually kind of waiting to see. If there's like a considerable dip, i could get a part of um, bitcoin, still kind of selling off, but hopefully we're. This is the first potential higher low we're seeing so i'm hoping talking about gamestop earlier when we were talking about why cough and accumulation, let's see if we can get into a nice accumulation period right here.

So lana was having some interesting news. Last night trading above 220, sheeb down at 45 and then actually, let's bring up avax, avax, avax, avax and we'll do it on whatever this one is it's just holding it's doing phenomenally well relative to all the other kryptos and i don't like buying at a high. But i'm a fan of it, i'm just waiting for some sort of discount. Maybe it will come.

Maybe it won't all right everything on the screen, i'm looking for it to rip to kingdom come haters should consider condoms. Uh. Did you go to la peg for tapas? That's my boy best tapas in philly, also kenny uh eats uncooked bacon on dates and dips them in mayo. I went to a place called amada, i think, is the name amada.

It was super super good. It was the first time i was there. So if you are in the or, if you're, in the bacon, if you're looking to get into the market for bacon, wrap dates, uh and you're in philly, i mean - was this other one? Is l peg that could probably it sounds like it's an awesome one, the one i personally had was amata. It was great uh just be you met thoughts on ascr supposedly rocket when we go to space astr.

I believe this is a space travel company, huge gap up, but i i don't chase gap ups also, it just looks like a very tough technical trade. So if you like it, i hope you like it from a fundamental standpoint. You like what the company is doing. The chart is hard to play off of, for example, what's an easy to play off of chart gamestop.

This trade is a freaking layup right now higher lows: accumulation, technical breakouts, we're getting horizontal breakouts we're getting trend line, breakouts um. I said this on friday. I said it over the weekend. This chart is looking nasty in a good way like nas, like that, not like oh nasty, like nah, like you know what i mean um.

I i like to trade layups. I like to take super easy trades, lucid to me kind of an easy trade. It went up. It took a break people didn't let it go that far we gap filled we're going up.

Is it guaranteed to continue? No, i just think the odds are there. I, like easy trades, easy, easy, lemon, peasy all right. Amc, good amc is up 4.33 percent jimmy's up 5.5 uh tesla's up 5.6. Lucid, would love for that to go green.
I had a very good day on friday right now. It's down 3.5. Prague is up 4.5 training at 5, 12. uh.

Let's start marking out these intraday ha ha's all right. So what i want to do now that we're getting going a little bit and, of course, let me know something crazy starts to happen. I just want to talk to you. Ah man, it looks like amc is about to pop.

I want to talk a little bit more about wyckoff, just because i'm getting so many more questions and it's kind of a for me, a blast from the past uh, because when i first got into like blue chip, medium to long-term, investing uh, wykoff and darvis box. Like those two theories like wyckoff and darvis, uh were actually the first two books. I read so for me, it's kind of funny that it's now being discussed so much more um. It's interesting and it's cool.

It's definitely cool uh. We could talk about wyckoff today and maybe we'll talk about darvis tomorrow. Maybe i don't know vice versa, something like that um you're gon na see, as we talk about like this wyckoff theory of trading um, a lot of the time you're gon na end up connecting it right back to the classic cup and handle the classic dutch tulip Pattern there's an amado location in ocean casino in ac. Put this five dollars black at the roulette table and grab some tapas shout out been watching you all day every day since may, while at work learned a lot from you and wanted to give back love that you cover the broad market and crypto you're.

So just you're a tulip, my supers have zero to do with you and everything to do with the unrelenting need for validation caused by bad parenting. Don't take that away from me, oh man, matt, when you take your girlfriend out to dinner. Do you talk about me? Does she get jealous super chat, teasy or terrible? I hate supporting your channel several times a day. Weekends are to recharge, no drama, not drama uh, so much drama, but i think for me it's i was thinking about that.

A little bit of like just even my day yesterday was consumed with drama, and i think that's a very human thing of when things are happening like oh, but imagine all day. If i just sat there and i back tested some algorithmic trading strategies for amc or gme and just gave that for to you for free today, uh instead, the like the hot topic is drama opposed to. Like hey, like look at the data set. Matt just explained to all of us, like, i wonder if i could use that.

I wonder if i could use it on these songs. I wonder if i could use it on another stock out there. I wonder if he could teach us a little bit more about seasonality. For me, i've been trading.

I've been in the market. The first stock i bought was over a decade ago. I just love this shit. The way my brain is wired.

I like these numbers. I like these charts, i like what it represents. I like the the concept to me. If you figure out the puzzle, you get money that to me that's what the market is.
If you win at the puzzle, you get money, that's i think, inherently the driver, i'm a very quantitative, like puzzle, solving driven type of a mind and with it those are the things that i think are so cool like we could talk about it. We could look at the odds of it um when i joke around and i say - welcome to the casino the way people who are very good at blackjack and poker. They know the odds of the game. They know the scenario that they're in you can do that in the market, and i think a lot of you are hey.

I'm trying to develop a skill set. I want to be able to pay for a little bit of lunch. Money get better pay for a little bit of my rent. All right pay, my full rent, maybe one day switch over to being a full-time trader.

Those are the things for me in my position that i need to focus on because that's what you guys care about. Um there is a whole other subset of youtube that it's just drama between other drama. You like youtubers it in no way needs a place in finance. It doesn't deserve a place in finance, been watching all right.

We did that and guerrilla champ champ my girlfriend my real girlfriend - and i talk about you all the time we have it scheduled. Is your tulip joke about the 1636 tool button when tool, poles were the most valuable currency in the world. Let's make a tool of crypto, it is yeah yeah. It's just that's why i'm so long on tulips, because they're coming back uh, i don't like when people say tulips were a bubble.

It's consolidation, the way in wyckoff we're talking about an accumulation period. This has been a 400-year accumulation period in tulips, um, so just very generically. Let me draw something just so you guys know a little bit more about this terminology. So all right, this is non-linear uh.

If this was time on the x-axis on the bottom, it's non-linear. Don't think it's the same amount of days that it took to do this this and this, but in wyckoff, if this was a vertical line. Sorry i just hit my hand so this little chunk right here. This is accumulation.

The next chunk is called markup, and then this is called distribution, so you have accumulation, markup, distribution and then mark down. Accumulation is when it's basing swinging back around markup is the price expansion. You have distribution when it's like. That's when i say the argument of throwing the ball in the air and then you have a markdown and that's the sell-off accumulation, markup distribution and then mark down those are going to be some of the main phases of it.

So anyway, just bringing this back to what you guys really care about, and it just kind of repeats once again, non-linear, don't think it all happens in the exact same amount of time, and then that gets into the world of talking about fractals. So anyway, previously in tulips there was a big accumulation, especially over in europe, in about the 15 1600s, and then there was a massive markup at that point there was a distribution and then there was a big mark down. My argument is that for the past 400 years, we're just in another phase of accumulation, that's all it is and think about it. The more you accumulate the higher you go, for example, the more gas you put into your rocket ship.
The farther your rocket ship can actually go more accumulation, higher price expansion. Folks people all the time ask me they ask me day in and day out how high can stock xyz go. That's fine and that's they're all viable questions. We can map it out.

We can look at the fundamentals of the company. There are many things we could do. Not enough people ask me about how high could tulips go? The big players in the game, the the people who control world power governance, influence um the people who pulled the strings on the illuminati, i'm telling you you heard it here. First november 22nd, they're the ones acquiring tulips right now they see it as a viable play.

A very viable play, viable currency and they're accumulating they're accumulating they're accumulating, and when you see the markup phase on tulips, go you better? Have you better have another pair of socks around you, because it's going to knock your first pair of socks off? I don't know how to be more more straightforward about that one, but i hope you have enough money to have two different pairs of socks, because first one completely ripped off all right. Let me know if you have any tulips questioning. Is this real or a joke? The nose of dallas some don't know uh. I have a bacon deluxe, combo and uh wait a minute.

This isn't a wendy's. You deserve this success. You have my man, we love you trying to learn options using thinkers and paper trading. Would you consider doing a platform specific video on options yeah? I definitely can i actually got my option starting on td.

I think that's a great one and i love the fact that they have a paper program like a paper training um. If you haven't heard of paper trading, it's just you load it up with fake money, and then you trade it so you're, not risking your actual money. I think that's an excellent way to get started with both equities and options. Unfortunately, if you want to use a paper account with options, you're not going to be able to find that on robin hood, you're not going to be able to find that on weeble or public or even fidelity.

Actually, the only one i kn two i know about are thinkorswim and their platform is it. That is the platform, but it's tds and then the other one, i believe, is interactive brokers. I think both of them have a paper account for options, training a lot of things out. There have a paper account for stock trading, but not options.
I am positive that thinkorswim actually has one also for options. So it's a great tool, especially if you're like hey. I hear it's crazy. I don't really want to risk money.

Well, don't risk money, then, but like start to learn the mechanics, the terminology, how things do and don't move reuben shout out trying to learn, are we did that uh? I think we need a oh brother. Oh brother, brother, oh brother, i am in on lucid just so everyone knows uh. I want to be upfront about that. I had some good calls last week and then i rolled that into a farther out expiration on lucid um december 17th, and the strike price is 70.

um, i'm currently up 2.4 percent, which so i'm basically break even on it um, i'm not necessarily looking for this To go into the money, i'm looking to take advantage of the santa claus rally, hopefully like the first week of december, and then, if i have some nice attendees there, i can lock it in and then roll it out to january.

20 thoughts on “Amc, gme, lcid prog: astronauts, standby dumb money w/ matt ep 155”
  1. Avataaar/Circle Created with python_avatars Brian Moeller says:

    <Awesome post πŸ™ŒπŸ»I must say. Crypto is moving with little sign of stopping throughout the past few days and weeks, with movements reaching a clear impasse, the aggregated cryptocurrency market has been following in Bitcoin's lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. He believes that the recent consolidation above this level bodes well for its near-term outlook and could indicate that significantly further upside is imminent in the weeks and months ahead. Tips like this are why it's advisable for investors and newbies to trade with the help of pro traders like Thomas Easton who is a signal provider. I was able to make 7 BTC in just since July from implementing trades with tips and info from Thomas and he can easily be reached on Telegram πŸ’¬( @Easton700 ) for profΓ­table systems.

  2. Avataaar/Circle Created with python_avatars Kenneth Johnson says:

    Good videoβ™₯️ I realized that the secret of making a million is saving for a better investment. I always tell myself is not all about watching videos let me just give a try ,others are making it happen why can't I make it happen and that mindset helps me make more money investing. For example last year I invested 700 grand in blue chip stocks (with the help of my advisor of course) and made 450k, but guess what?Β  I reinvested with him again and now I'm rounding up close to a million. Hoping to get to 2mil in 6 months time..

  3. Avataaar/Circle Created with python_avatars The Variable says:

    .

  4. Avataaar/Circle Created with python_avatars Steven Brown says:

    Slow your roll buds, u r only a u tuber nothing important in real life.
    A little fame went straight to your head. Worst you tuber.

  5. Avataaar/Circle Created with python_avatars Chris Savage says:

    Click bait..

  6. Avataaar/Circle Created with python_avatars Britt Berden says:

    Matt, when you said before market open this morning, that your channel is not a AMC channel, it's not GME channel, that it's a Market Channel, I understand that you are trying to move past the Ape Stocks into mainstream, but You just aren't there yet and neither is the 4+ Million Apes that are still Holding Strong. You are missing the point, spreading out into all these other plays just delays our goal. Best of luck to you, but a huge part of your potential success depends on a SQUEEZE, until that happens, a huge part of viewership will stick to true Ape creators.

  7. Avataaar/Circle Created with python_avatars Llorenç Serra says:

    You are bigπŸ™Gracias Matt

  8. Avataaar/Circle Created with python_avatars Mr. Cutty says:

    Bastos

  9. Avataaar/Circle Created with python_avatars Kim Bryner says:

    Love the song!!!

  10. Avataaar/Circle Created with python_avatars Mike Marucci says:

    Guys please help, AFFIRM STOCK ATTACK HEAVILY BY HEDGES PLEASE HELP

  11. Avataaar/Circle Created with python_avatars Kony Solomon says:

    Why have you got a trey trades tag on your youtube video topics tag?

  12. Avataaar/Circle Created with python_avatars Treasured says:

    PayPal and Robbinhood

  13. Avataaar/Circle Created with python_avatars Christina Holbrook says:

    I can’t find it

  14. Avataaar/Circle Created with python_avatars Christina Holbrook says:

    Matt. What’s the playlist for options I love trading view

  15. Avataaar/Circle Created with python_avatars Daniel cejas says:

    I appreciate your videos.. I watch all the time and do like you going over all stocks and crypto.. but let's not get it twisted, there is a reason 90 percent of your videos title has Amc in it..

  16. Avataaar/Circle Created with python_avatars steamhard says:

    What’s your take on AMC excepting Shiba here in the next few months

  17. Avataaar/Circle Created with python_avatars Davzz1st1934 says:

    Robinhood off line

  18. Avataaar/Circle Created with python_avatars Christina Holbrook says:

    How do you roll caps

  19. Avataaar/Circle Created with python_avatars takta saeedi says:

    PROG PROG PROG πŸ’₯ πŸΈπŸ’š πŸΈπŸ’š

  20. Avataaar/Circle Created with python_avatars Robel says:

    First!

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